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Trading Update

25 May 2006 07:01

CODASciSys PLC25 May 2006 25 May 2006 CODASciSys plc TRADING UPDATE PRIOR TO ANNUAL GENERAL MEETING CODASciSys plc ("CODASciSys"; stock code: CSY), the Chippenham-based supplier ofspecialist software, consultancy and IT services, is issuing this trading updateahead of its Annual General Meeting later today. CODASciSys is pleased to report that all Divisions have continued to performwell and, at this stage of the year, the Group expects its results for 2006 tobe in line with market expectations. The CODA Division is seeing considerable interest in its new compliance andconsolidation solutions, with sales and a growing pipeline in both the US andelsewhere. Early sales of OCRA, the Swedish financial consolidation productacquired in 2005, have now been secured in existing and new clients outside theNordic market, where sales also continue. Sales of CODA Control Assessor, aninternal controls evaluation and testing product bought last year, have alsobeen made to both existing and new clients, and demand for such solutions isgrowing. Sales of the core financial management systems remains solid, with notable winsincluding Farrow & Ball, Inspace, Ligne Roset and IXIS Securities, and there isa healthy pipeline of new and existing client business. Attention has been focused on ensuring that the operations acquired in 2005, arefully integrated and operating successfully and profitably, and this isprogressing well. Building on the new operation in Budapest, CODA opened anoffice in Prague in April, to support existing clients and exploit newopportunities in Eastern Europe. The SciSys Division is continuing to progress well with its strategy of focusedactivity in its 3 main sectors. In the public sector, the Integrated Regulationprogramme for the Environment Agency has progressed well with a team ofapproximately 50 staff now involved. This work, combined with frame contractwins under two Government Agency catalogues (Catalist and GSI) provides goodopportunities to secure further business in this sector. In Defence, we continueto work with several prime contractors on the major defence programmes includingJETTS and FRES and the strength of our third party alliances is helping securewider involvement in the programmes than originally envisaged. Within the Spaceunit, our early involvement in the Galileo programme has been converted intoseveral large projects providing for full utilisation of the team. The outlookfor the Division remains healthy. Business Collaborator has continued to deliver strong results in the period. Itcompleted the phase 1 implementations for the three Asset Management Programmesfor United Utilities, Southern Water and Thames Water. Recent further successeswithin Yorkshire and Dee Valley water have positioned BC as the clear leader inthe provision of Collaboration solutions to the Utilities market. The SEDEXinitiative continues to show strong growth with a continued increase inmembership of over 400 new sites per month. For the remainder of the year, CODASciSys will aim to achieve continued growthin shareholder value. All divisions will be aiming for organic growth and thegroup will use continued strong operating cash flows to pursue appropriateacquisitions. Ends FOR FURTHER INFORMATION PLEASE CONTACT: Graham Steinsberg, Group Chief Executive, CODASciSys, telephone 01249 466466Bridgewell 0207 003 3000 This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
20th Jun 20195:39 pmRNSForm 8 (DD) - SCISYS
19th Jun 20195:57 pmRNSDirector Dealings
17th Jun 20192:48 pmRNSForm 8 (DD) - SCISYS Group PLC
17th Jun 20199:48 amRNSRecommended Cash Offer
14th Jun 201911:05 amRNSSecond Price Monitoring Extn
14th Jun 201911:00 amRNSPrice Monitoring Extension
14th Jun 20199:00 amRNSPrice Monitoring Extension
14th Jun 20197:29 amRNSRECOMMENDED CASH OFFER
6th Jun 20193:29 pmRNSResult of AGM
6th Jun 20197:00 amRNSAGM Statement
20th May 20191:53 pmRNSDirector/PDMR Shareholding
16th May 20198:00 amRNSEuronext Growth Dublin Notice
10th May 20194:35 pmRNSExercise of Options and Total Voting Rights
2nd May 20198:00 amRNSEuronext Growth Dublin Notice
30th Apr 20197:00 amRNSContract Win
25th Apr 20196:33 pmRNSReplacement RNS - Exercise of Options and TVR
25th Apr 20194:38 pmRNSExercise of Options and Total Voting Rights
23rd Apr 201912:32 pmRNSAnnual Report and Financial Statements
16th Apr 20194:44 pmRNSDirector/PDMR Shareholding
28th Mar 20197:00 amRNSPreliminary Results for the year ended 31 Dec 2018
25th Jan 20197:00 amRNSPre-Close Trading Update and Notice of Results
16th Jan 20197:00 amRNSContract win
10th Jan 20197:00 amRNSContract Win
3rd Jan 20197:00 amRNSContract Win
24th Dec 20187:00 amRNSContract Win
20th Dec 20181:44 pmRNSContract Win
18th Dec 20187:00 amRNSAppointment of Director
17th Dec 20187:00 amRNSContract Win
28th Nov 20188:14 amRNSFirst day of dealings
27th Nov 201812:53 pmRNSScheme Effective
27th Nov 201811:02 amRNSCourt Sanction of the Scheme
27th Nov 20187:30 amRNSSuspension - SCISYS PLC
19th Nov 201812:07 pmRNSResults of Court Meeting & Scheme General Meeting
16th Nov 20182:16 pmRNSDirector/PDMR Shareholding
29th Oct 20182:45 pmRNSIssue of Equity
26th Oct 201810:00 amRNSSchedule One - SCISYS Group PLC
26th Oct 20187:00 amRNSPosting of Scheme Document
24th Oct 20182:05 pmRNSSecond Price Monitoring Extn
24th Oct 20182:00 pmRNSPrice Monitoring Extension
23rd Oct 20185:46 pmRNSDirector Dealings
22nd Oct 20182:33 pmRNSChange of Auditor
17th Oct 201811:26 amRNSDirector Dealings
17th Oct 201811:15 amRNSBrexit Contingency Planning
27th Sep 201812:28 pmRNSDirector Dealings and Issue of Equity
20th Sep 20187:00 amRNSInterim Results
18th Sep 20187:00 amRNS£2m contract for TfL's Future Bus programme
30th Aug 20187:00 amRNSSCISYS HELPS SAVE THE UK'S SOUNDS
30th Aug 20187:00 amRNSTrading Update and Notice of Interim Results
18th Jul 20184:43 pmRNSDirector Dealings
17th Jul 20183:18 pmRNSTransaction in Own Shares and Total Voting Rights

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